MercoPress. South Atlantic News Agency
Rousseff creates ministry for small businesses and announces soft loans
Brazilian President Dilma Rousseff announced on Monday a reduction in the interest rate on public loans for owners of small businesses from 8% to 5% and inaugurated the Secretariat for Micro and Small Businesses which will have the category of a ministry. Read full article
Comments
Disclaimer & comment rulesWhat about reducing taxes, bureocracy and labor laws?
May 07th, 2013 - 12:18 pm - Link - Report abuse 01 Math
May 07th, 2013 - 09:51 pm - Link - Report abuse 0But THAT would be the right thing to do but would not impress the voters.
It is a pity that so many Brasilians fall for the President spending THEIR money on the glorious finance 'strategy' of 'soft loans' and 'reduced subsidies'.
SO, I will ask my question again: is there ANYBODY with responsibility for the economic and financial strategy of Brasil?
Agreed, but a step forward.
May 08th, 2013 - 12:00 am - Link - Report abuse 0#2 Chris
May 08th, 2013 - 05:17 pm - Link - Report abuse 0Dilma and her team don't believe in orthodox economics. It's the chimera of national-developmentism and self-suficiency that blind her.
#3 Ayayay
It's actually a sell out. There is no strong opposition in Brazil anymore.
4 Math
May 08th, 2013 - 06:50 pm - Link - Report abuse 0Oh dear!
1 Math
May 09th, 2013 - 09:44 pm - Link - Report abuse 0Then how will the bureaucrats and politicians be able to continue earning shockingly high salaries, work 4 days a week, maintain the lowest possible productivity, take 3 months of vacation, retire at 50, etc?
6 LatAm
May 10th, 2013 - 11:01 am - Link - Report abuse 0When THEY are threatened with reduced circumstances you will find the tax burden will rise to match their 'needs'.
Politicians ALWAYS look after themselves FIRST.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!